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ICC Labs Inc. announced that, at the special meeting of shareholders, shareholders overwhelmingly voted in favor of a special resolution to approve the previously announced plan of arrangement between ICC and Aurora Cannabis. Subject to the terms and conditions of an arrangement agreement between ICC and Aurora dated September 8, 2018, Aurora will acquire all of the issued and outstanding common shares of ICC . Obtaining approval from ICC Shareholders is one of the conditions to completing the Arrangement. Completion of the Arrangement remains subject to other customary closing conditions, including the aforementioned court order and the receipt of certain Uruguayan regulatory approvals. Assuming that the conditions to closing are satisfied or waived, it is expected that the Arrangement will be completed in the fourth quarter of 2018.

Terex (TEX) delaying its earnings release led to considerable speculation on possible acquisitions, Baird analyst Mircea Dobre told investors earlier in research note. The analyst believes Astec Industries' (ASTE) "unique circumstances" and "apparent strategic fit" within the Terex portfolio "are worth contemplating." Astec would add asphalt plants, with leading market share in North America, as well a mobile pavers to Terex's Materials Processing segment, Dobre points out. Further, the addition of Astec could give Terex room to potentially altogether divest Crane down the line, with the proceeds used to reduce the leverage resulted from the acquisition, the analyst adds. Regarding the "unique circumstances," Dobre notes Astec's s CEO Ben Brock resigned on January 22, its shareholders have been pushing for improved performance, and that the activist investor on Terex's board was an Astec shareholder. Should Terex pay a multiple for Astec in-line with historical median transaction valuations in the space, it would imply a 27% premium to Astec's current price or $50 per share, according to Dobre. Shares of Astec are up 44c to $39.89 in early trading while Terex is down 3c to $35.54.